There still seems to be few reasons to be cheerful if you are a holder of UK or European listed equities. However, there does seem more of a basis for positivity across the pond and in the Far East. Let’s take a look at a stock markets round up of those two regions. U.S. stocks rose Friday, with the Standard & Poor’s 500 Index approaching a four-year high, amid better-than-estimated data on consumer confidence and leading indicators and as Apple Inc. climbed to a record. Apple rose 1.9 percent, surpassing $600 billion in market value, after Jefferies & Co. said the company had started production of the iPad mini, a smaller version of its tablet. The S&P 500 rose 0.2 percent to 1,418.16 at 4 p.m. in New York. The benchmark index for American equities is less than one point away from a four-year peak of 1,419.04 set on April 2. The Dow Jones Industrial Average added 25.09 points, or 0.2 percent, to 13,275.20. Shoppers around the country still find finding short term credit problematic and are using same day payday loans as a means of getting by.
Asian stocks fell on concern China won’t ease monetary policy even as corporate earnings deteriorate amid slowing economic growth, offsetting optimism for the global outlook after U.S. consumer confidence improved. China Pacific Insurance (Group) Co., the nation’s third-largest insurer, slid 2.2 percent in Hong Kong after its profit slumped. Country Garden Holdings Co., a Chinese builder of apartments, fell 0.7 percent as rising house prices sparked concern China will tighten property curbs. LG Innotek, a cellular phone parts maker, climbed 5.5 percent in Seoul after a report that sales of its camera modules will grow. The MSCI Asia Pacific Index slid 0.1 percent to 120.62 as of 2:47 p.m. in Tokyo, with about as many stocks declining as climbing. China has no intention of cutting banks’ reserve requirements in the short term, as suggested by a cash injection last week, according to a weekend commentary in the central bank newspaper Financial News. Loans until payday are less well known across Asia but this could change with the next five years. The index advanced last week amid optimism policy makers would take more measures to promote growth
Asian stocks fell on concern China won’t ease monetary policy even as corporate earnings deteriorate amid slowing economic growth, offsetting optimism for the global outlook after U.S. consumer confidence improved. China Pacific Insurance (Group) Co., the nation’s third-largest insurer, slid 2.2 percent in Hong Kong after its profit slumped. Country Garden Holdings Co., a Chinese builder of apartments, fell 0.7 percent as rising house prices sparked concern China will tighten property curbs. LG Innotek, a cellular phone parts maker, climbed 5.5 percent in Seoul after a report that sales of its camera modules will grow. The MSCI Asia Pacific Index slid 0.1 percent to 120.62 as of 2:47 p.m. in Tokyo, with about as many stocks declining as climbing. China has no intention of cutting banks’ reserve requirements in the short term, as suggested by a cash injection last week, according to a weekend commentary in the central bank newspaper Financial News. Loans until payday are less well known across Asia but this could change with the next five years. The index advanced last week amid optimism policy makers would take more measures to promote growth
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